United Kingdom Facility Management Market Outlook
According to a new report by Expert Market Research titled, “United Kingdom Facility Management Market Trends, Size, Share, Analysis, Report and Forecast 2024-2032″, the UK facility management market reached a value of USD 2.97 billion in 2023. Aided by integration of advanced technologies and growing focus on energy efficiency and sustainability, the market is projected to further grow at a CAGR of 2.1% between 2024 and 2032 to reach a value of USD 3.58 billion by 2032.
Facility management, commonly understood as the integrated management of multiple interdisciplinary services that ensure the functionality of built environments, is vital to the smooth operations of both public and private sector buildings in the UK. These services range from security, cleaning, maintenance, and IT services to property management, catering, and environmental services. Facility management not only ensures the smooth running of infrastructural facilities but also maximises the efficiency and lifecycle of a facility.
Evident push towards smart buildings and integrated facility solutions is a significant United Kingdom facility management market trend. With increasing urbanisation, the buildings of the future are not merely structures but integrated, adaptive systems. Smart technologies, integrating IoT (Internet of Things), have found their way into modern facility management practices, allowing real-time monitoring, predictive maintenance, and more energy-efficient operations.
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Additionally, the expanding business landscape and the increasing demand for outsourced facility services further augment the United Kingdom facility management market growth. As businesses focus on their core operations, third-party providers offering comprehensive facility management solutions are experiencing a spike in demand. This trend is particularly notable in sectors like healthcare, education, IT, and retail.
Furthermore, the aftermath of the COVID-19 pandemic has profoundly influenced the United Kingdom facility management market demand. Enhanced cleaning services, reconfigured office spaces, health monitoring, and adherence to new health protocols have become pivotal. This shift in focus, aiming for safer and more health-conscious environments, has added new service dimensions to facility management in the UK.
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Meanwhile, sustainability remains at the forefront of facility management, with an increased emphasis on green practices, energy-efficient operations, and waste management. With rising environmental concerns and stringent regulations, facility management providers are consistently focusing on offering sustainable solutions to meet their client’s and regulatory requirements. The United Kingdom facility management market outlook looks promising. Influenced by technology, sustainability, changing business dynamics, and a shifting regulatory environment, it promises a future of innovation and adaptability.
United Kingdom Facility Management Market Segmentation
The market can be divided based on type, offering, sector, and end use.
Market Breakup by Type
- Inhouse
- Outsourced
- Integrated FM
- Others
Market Breakup by Offering
- Hard FM
- Soft FM
Market Breakup by Sector
- Public
- Private
Market Breakup by End Use
- Industrial
- Commercial
- Institutional
- Public/Infrastructure
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United Kingdom facility management market. Some of the major players explored in the report by Expert Market Research are as follows:
- CBRE, Inc.
- Compass Group PLC
- Jones Lang LaSalle IP, Inc.
- ISS A/S
- VINCI Construction Holding Limited
- Cushman & Wakefield, Inc.
- Sodexo Group
- Mace Group I.C.S Limited
- Flexim International SA
- Sitemark Ltd
- Others
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